St Albans (Maltings 4) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 05433467

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		60,000,000		58,500,000
Investments	5		100		-

			60,000,100		58,500,000
CURRENT ASSETS
Debtors	6	1,221,132		852,162
Cash at bank and in hand		2,462,357		2,419,560

		3,683,489		3,271,722
Creditors: Amounts Falling Due Within One Year		(2,452,378 )		(35,414,501 )

NET CURRENT ASSETS (LIABILITIES)			1,231,111		(32,142,779 )

TOTAL ASSETS LESS CURRENT LIABILITIES			61,231,211		26,357,221

Creditors: Amounts Falling Due After More Than One Year	7		(41,655,000 )		(9,151,433 )

NET ASSETS			19,576,211		17,205,788

CAPITAL AND RESERVES
Called up share capital			1		1
Profit and Loss Account			19,576,210		17,205,787

SHAREHOLDERS' FUNDS			19,576,211		17,205,788

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St Albans (Maltings 4) Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Simon Hosking

Director

22nd April 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

St Albans (Maltings 4) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05433467 . The registered office is 167-169 Great Portland Street, London, W1W 5PF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover represents amounts derived from the provision of rent, service charge and other services which fall within the company's ordinary activities stated net of value added tax.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.4. Financial Instruments

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3. Average Number of Employees

Average number of employees during the year was: NIL (2024: NIL)

4. Investment Property

	2025
	£
Fair Value
As at 1 January 2025	58,500,000
Additions	1,500,000

As at 31 December 2025	60,000,000

5. Investments

	Associates
	£
Cost or Valuation
As at 1 January 2025	-
Additions	100

As at 31 December 2025	100

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	100

As at 1 January 2025	-

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St Albans (Maltings 4) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	672,641	687,474
Other debtors	548,491	164,688

	1,221,132	852,162

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	33,000,000	306,433
Other creditors	8,655,000	8,845,000

	41,655,000	9,151,433

Bank borrowings

Including within the creditors falling due after one year is the Barclays bank loan with a fixed rate of 6.075% per annum.

The carrying amount at the year end is £33,000,000.

The loan was secured by a fixed and floating charge over the assets of the company. It is also secured by a negative pledge.

8. Related Party Transactions

Summary of transactions with associates

Boultbee LDN Capital Limited

Included within operating charges is £396,250 (2024: £455,357) payable to Boultbee LDN Capital Limited, a wholly owned subsidiary.

Also included within the cash and bank is £1,036,037 (2024: £528,606 ) that has been collected from debtors by Boultbee LDN Capital Limited and held on the company's behalf.

At the year end there was an outstanding balance to Boultbee LDN Capital Limited of £11,883 (2024: £19,997) which is included in trade creditors.

Landing Holding Limited

Included within creditors falling due after more than one year is the loan from Landing Holding Limited for £500,000 (2024: £nil).

9. Ultimate Parent Undertaking and Controlling Party

The company is a wholly owned subsidiary of Landing Holding Limited, a company incorporated in the United Kingdom. Landing Holding Limited is the company’s immediate parent undertaking and controlling party.

The company’s ultimate parent undertaking and controlling party is SB2 Investment Holdings (Barbados) Ltd a company registered in Barbados.

10. Audit Information

The auditor's report on the accounts of St Albans (Maltings 4) Limited for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Statutory Auditor.

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